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MGM Resorts International

MGM

Latest Trade

27.55USD

Change

-0.33(-1.17%)

Volume

6,579,548

Today's Range

27.23

 - 

27.97

52 Week Range

21.62

 - 

31.68

As of on the New York Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

MGM Resorts International Announces Agreement To Monetize Bellagio Real Estate Assets

Oct 15 (Reuters) - MGM Resorts International <MGM.N>::MGM RESORTS INTERNATIONAL ANNOUNCES AGREEMENT TO MONETIZE BELLAGIO REAL ESTATE ASSETS.MGM RESORTS INTERNATIONAL - ON TRACK TO ACHIEVE OUR PREVIOUSLY ANNOUNCED TARGETS.MGM RESORTS - JV WITH BREIT WILL ACQUIRE BELLAGIO REAL ESTATE AND LEASE IT BACK TO A SUBSIDIARY OF MGM RESORTS FOR INITIAL ANNUAL RENT OF $245 MILLION.MGM RESORTS INTERNATIONAL - VALUE REALIZED IN BELLAGIO TRANSACTION IS "HIGHLY ACCRETIVE" TO SHAREHOLDER VALUE.MGM RESORTS - ANTICIPATES "OPPORTUNISTICALLY MONETIZING AND/OR UNLOCKING VALUE" FROM MGM GRAND, MGM SPRINGFIELD, STAKE IN CITYCENTER.MGM RESORTS INTERNATIONAL - ANTICIPATES "OPPORTUNISTICALLY MONETIZING AND/OR UNLOCKING VALUE" FROM ECONOMIC OWNERSHIP IN MGM GROWTH PROPERTIES.

Blackstone REIT To Buy Bellagio From MGM Resorts For $4.25 Bln

Oct 15 (Reuters) - Blackstone Real Estate Income Trust::BLACKSTONE REAL ESTATE INCOME TRUST TO ACQUIRE THE BELLAGIO REAL ESTATE FROM MGM RESORTS INTERNATIONAL FOR $4.25 BILLION IN SALE-LEASEBACK TRANSACTION.MGM RESORTS INTERNATIONAL - SALE IS EXPECTED TO CLOSE BY YEAR END AND IS SUBJECT TO CUSTOMARY CLOSING CONDITIONS.MGM RESORTS INTERNATIONAL - BREIT AND MGM RESORTS WILL FORM A 95%/5% BREIT-LED JOINT VENTURE TO ACQUIRE REAL ESTATE ASSETS OF BELLAGIO FOR $4.25 BILLION.MGM RESORTS INTERNATIONAL - MGM RESORTS WILL SIGN LONG-TERM LEASE AND CONTINUE TO BE RESPONSIBLE FOR ALL OPERATIONS & CAPITAL EXPENDITURES OF BELLAGIO.MGM RESORTS INTERNATIONAL - MGM RESORTS WILL LEASE PROPERTY FROM JV, CONTINUE TO MANAGE, OPERATE, BE RESPONSIBLE FOR ALL ASPECTS OF PROPERTY.

MGM Resorts International Announces Agreement To Sell Circus Circus Las Vegas For $825 Million

Oct 15 (Reuters) - MGM Resorts International <MGM.N>::PRESS RELEASE - MGM RESORTS INTERNATIONAL ANNOUNCES AGREEMENT TO SELL CIRCUS CIRCUS LAS VEGAS FOR $825 MILLION.MGM RESORTS INTERNATIONAL - $825 MILLION PURCHASE PRICE WILL COMPRISE $662.5 MILLION PAID IN CASH AND A $162.5 MILLION NOTE DUE 2024..MGM RESORTS INTERNATIONAL - EXPECTS TO RECORD A Q3 IMPAIRMENT CHARGE OF APPROXIMATELY $220 MILLION IN CONNECTION WITH THIS TRANSACTION.MGM RESORTS INTERNATIONAL - EXPECTS TO RECORD A Q3 IMPAIRMENT CHARGE OF APPROXIMATELY $220 MILLION IN CONNECTION WITH TRANSACTION.MGM RESORTS INTERNATIONAL - HAS ENGAGED IN AN EXHAUSTIVE PROCESS TO EVALUATE ITS OWNED REAL ESTATE.MGM RESORTS INTERNATIONAL - DEFINITIVE AGREEMENT TO SELL CIRCUS CIRCUS LAS VEGAS FOR $825 MILLION TO AN AFFILIATE OF TREASURE ISLAND OWNER PHIL RUFFIN.

MGM Resorts International And Plaintiffs' Counsel Reach Agreement To Settle Oct. 2017 Litigation

Oct 3 (Reuters) - MGM Resorts International <MGM.N>::MGM RESORTS INTERNATIONAL AND PLAINTIFFS' COUNSEL REACH AGREEMENT TO SETTLE 1 OCTOBER LITIGATION.MGM RESORTS INTERNATIONAL - TOTAL SETTLEMENT AMOUNT IS EXPECTED TO BE BETWEEN $735 MILLION AND $800 MILLION.MGM RESORTS INTERNATIONAL - SETTLEMENT FUND WILL BE FUNDED BY MGM RESORTS' INSURERS WITH A MINIMUM OF $735 MILLION.MGM RESORTS INTERNATIONAL - ENTIRE PROCESS IS EXPECTED TO BE COMPLETED BY LATE 2020.MGM RESORTS INTERNATIONAL - CO, COUNSEL REPRESENTING PLAINTIFFS IN LITIGATION INVOLVING OCTOBER 1, 2017 SHOOTING REACHED SETTLEMENT AGREEMENT.MGM RESORTS INTERNATIONAL - UNDER SETTLEMENT AGREEMENT, PARTIES WILL DISMISS AND RELEASE ALL PENDING LITIGATION.MGM RESORTS INTERNATIONAL - PROPOSED SETTLEMENT IS NOT AN ADMISSION OF LIABILITY BY MGM RESORTS.

MGM Resorts' Unit MGM China Enters HK$9.75 Bln Unsecured Revolving Credit Facility

Aug 13 (Reuters) - MGM Resorts International <MGM.N>::MGM CHINA ENTERED HK$9.75 BILLION UNSECURED REVOLVING CREDIT FACILITY WITH CERTAIN ARRANGERS AND LENDERS PARTY THERETO (THE “REVOLVING CREDIT FACILITY”), WHICH REPLACED MGM CHINA’S EXISTING SENIOR SECURED CREDIT FACILITY IN ITS ENTIRETY.MGM CHINA ENTERED HK$9.75 BILLION UNSECURED REVOLVING CREDIT FACILITY.MGM CHINA'S REVOLVING CREDIT FACILITY IS SCHEDULED TO MATURE ON MAY 15, 2024.

MGM Resorts International Q2 Earnings Per Share $0.08

July 25 (Reuters) - Mgm Resorts International <MGM.N>::REPORTS SECOND QUARTER FINANCIAL AND OPERATING RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $0.23.Q2 EARNINGS PER SHARE $0.08.Q2 EARNINGS PER SHARE ESTIMATE $0.25 -- REFINITIV IBES DATA.QTRLY CONSOLIDATED NET REVENUES INCREASED 13% COMPARED TO PRIOR YEAR QUARTER TO $3.2 BILLION.CONSOLIDATED NET REVENUES INCREASED 13% COMPARED TO PRIOR YEAR QUARTER TO $3.2 BILLION.Q2 LAS VEGAS STRIP RESORTS REVPAR INCREASED 2.3% COMPARED TO PRIOR YEAR QUARTER.QTRLY NET REVENUES OF $706 MILLION, A 26% INCREASE COMPARED TO PRIOR YEAR QUARTER FOR MGM CHINA.QTRLY CASINO REVENUE FOR DECREASED 12% VERSUS PRIOR YEAR QUARTER FOR LAS VEGAS STRIP RESORTS .QTRLY ROOMS REVENUE INCREASED 4% VERSUS PRIOR YEAR QUARTER FOR LAS VEGAS STRIP RESORTS .Q2 REVENUE VIEW $3.22 BILLION -- REFINITIV IBES DATA.

Starboard Value LP Reports Share Stake Of 2.9 Mln Shares In MGM Resorts International As Of March 31

May 15 (Reuters) - Starboard Value LP::STARBOARD VALUE LP REPORTS SHARE STAKE OF 2.9 MILLION SHARES IN MGM RESORTS INTERNATIONAL AS OF MARCH 31 - SEC FILING.

MGM Resorts Prices $1.5 Bln Notes Offering By MGM China Holdings Limited

May 8 (Reuters) - MGM Resorts International <MGM.N>::MGM RESORTS INTERNATIONAL ANNOUNCES PRICING OF $1.5 BILLION SENIOR NOTES OFFERING BY MGM CHINA HOLDINGS LIMITED.MGM RESORTS INTERNATIONAL - UNIT PRICED UPSIZED OFFERING OF $750 MILLION OF 5.375% SENIOR NOTES DUE 2024, $750 MILLION IN OF 5.875% SENIOR NOTES DUE 2026.MGM RESORTS INTERNATIONAL - OFFERING OF NOTES WAS UPSIZED TO $1.5 BILLION FROM $1.25 BILLION.

MGM Resorts International Announces Proposed Private Offering

April 30 (Reuters) - MGM Resorts International <MGM.N>::MGM RESORTS INTERNATIONAL ANNOUNCES PROPOSED PRIVATE OFFERING BY MGM CHINA HOLDINGS LIMITED.MGM RESORTS INTERNATIONAL - PROPOSES TO OFFER $1.25 BILLION IN AGGREGATE PRINCIPAL AMOUNT OF SENIOR NOTES IN A PRIVATE PLACEMENT.MGM RESORTS - ISSUER INTENDS TO USE NET PROCEEDS FROM OFFERING OF NOTES TO REPAY AMOUNTS UNDER ITS REVOLVING CREDIT FACILITY AND TERM LOAN FACILITY.MGM RESORTS INTERNATIONAL - MGM CHINA HOLDINGS LIMITED ( "ISSUER"), UNIT OF COMPANY PROPOSES TO OFFER SENIOR NOTES IN A PRIVATE PLACEMENT.

Mgm Resorts International Prices $1.0 Billion In Senior Notes

MGM Resorts International <MGM.N>::MGM RESORTS INTERNATIONAL PRICES $1.0 BILLION IN SENIOR NOTES.MGM RESORTS INTERNATIONAL - OFFERING OF NOTES WAS UPSIZED FROM ORIGINALLY ANNOUNCED AGGREGATE PRINCIPAL AMOUNT OF $500.0 MILLION.MGM RESORTS INTERNATIONAL - PRICED AN UPSIZED PUBLIC OFFERING OF $1.0 BILLION IN AGGREGATE PRINCIPAL AMOUNT OF 5.500% SENIOR NOTES DUE 2027 AT PAR.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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